Featured Product

    HKMA Implementation Guidance on Securitization Framework for Banks

    March 26, 2018

    HKMA published a set of questions and answers (Q&A) on the revised securitization framework under the Banking (Capital) Rules (BCR). This set of Q&A supersedes the guidance on securitization set out in pages 52 to 66 of the revised Questions and Answers on BCR, which were issued on December 31, 2014.

    These Q&A were built on the existing Q&A, with modifications to align with the amendments made to Part 7 of the BCR and to clarify the policy intent in respect of specific issues. New guidance is provided on the notification requirement under section 230(3), (4), and (5) in Part 7 and the assessment of significant credit risk transfer for obtaining capital relief for the underlying exposures of a securitization transaction under the BCR. HKMA responses to the industry during the consultations conducted in 2017 on the implementation of the revised securitization framework in Hong Kong had mentioned that supplementary guidance will be provided to assist authorized institutions in interpreting Part 7 of BCR (as amended to implement the framework) at a more detailed level in a number of specific areas. This supplementary guidance is now being provided in the form of this set of Q&A.

    The Q&A have been drafted, as far as possible, in simple non-legal language to facilitate consistent interpretation and application of the capital or disclosure requirements. They are, however, explanatory and supplementary in nature and do not seek to replace any requirements in the BCR. Also, the Q&A are inevitably general in scope and do not take into account the particular circumstances of individual authorized institutions. 

    Keywords: Asia Pacific, Hong Kong, Banking, Securitization, Q&A, Banking Capital Rules, HKMA

    Related Articles
    News

    MAS Amends Notices on Residential Property Loans

    MAS published amendments to Notices 632, 632B, 645A, 825, 825B, 831A, 1106B, and 1115A related to the residential property loans in Singapore.

    April 07, 2020 WebPage Regulatory News
    News

    HKMA Announces Initiative to Support SMEs Amid COVID-19 Outbreak

    HKMA issued a circular on a 100% Loan Guarantee Product under the Small and Medium-Sized Enterprise (SME) Financing Guarantee Scheme.

    April 06, 2020 WebPage Regulatory News
    News

    ECB Updates Documentation on SHS Reporting by Banks

    ECB updated the documentation for banking groups subject to direct reporting of Securities Holdings Statistics Group (SHSG) data to ECB.

    April 06, 2020 WebPage Regulatory News
    News

    BoE Publishes Version 2.0.0 of Capital+ XBRL Utility

    BoE published version 2.0.0 of the Capital+ XBRL Utility, along with the related release notes.

    April 06, 2020 WebPage Regulatory News
    News

    US Agencies Announce Changes to CBLR Framework in Light of COVID-19

    US Agencies (FDIC, FED, and OCC) issued two interim final rules that make changes to the community bank leverage ratio (CBLR) framework and implement Section 4012 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

    April 06, 2020 WebPage Regulatory News
    News

    CBUAE Announces Relief Measures to Address Impact of COVID-19

    CBUAE has announced a number of measures to support the economy amid COVID-19 outbreak and these measures will enter into force with immediate effect.

    April 05, 2020 WebPage Regulatory News
    News

    EC Approves State Aid Schemes in the Context of COVID-19 Outbreak

    EC approved German, Greek, Maltese, Polish, Portuguese, Spanish, and Swedish State aid schemes to support the economy in the context of the COVID-19 outbreak.

    April 04, 2020 WebPage Regulatory News
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    EBA Updates List of Other Systemically Important Institutions

    EBA updated the list of Other Systemically Important Institutions (O-SIIs) in EU.

    April 03, 2020 WebPage Regulatory News
    News

    BaFin Lowers Countercyclical Capital Buffer Amid COVID-19 Outbreak

    BaFin published a general order to lower the countercyclical capital buffer (CCyB) from 0.25% to 0% as of April 01, 2020.

    April 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4952